Word: merchanted
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Dates: during 1930-1939
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...around the North Atlantic Ocean; and anywhere in the other world waters. The President may declare any region a combat area-which would automatically ban U. S. citizens, ships, planes from trespassing in that area. Minor provisions bar alien seamen from U. S. entry, mounted arms on U. S. merchant vessels, use of the U. S. flag by foreign ships. Penalties for major infractions: $50,000 fine, five years in jail or both; for minor $10,000 fine, two years in jail or both...
...blockades continued the realest war. Germany boasted that the Allies were minimizing their tonnage losses. She claimed 115 British merchant ships totaling 475,321 tons as against 210,021 tons admitted by Britain. At the same time Germany declared that only three U-boats had been sunk. Britain and France each replied with a report of another U-boat sunk, bringing the number claimed by them to more than 20 or nearly one-third of the known Nazi undersea fleet. From a smashed U-boat found on Goodwin Sands, British divers took more than 50 bodies. Score...
...shoestring firm bought its first ship for $90,000 (cash: $15,000), christened it the Moormack, put $185,000 worth of repairs into its hull and went after business. From that time on the history of Moore-McCormack is the history of most of today's U. S. merchant marine...
Riding the wartime shipping boom, the firm bought ten more ships, sometimes had as many as 50 more under charter and Government allotment. At war's end it sold the Moormack for $400,000, later snapped up the Government's offer to take its huge merchant marine off its hands at dirt cheap prices of $10 to $15 a deadweight ton. The advent of World War II found Moore-McCormack big and respectable (capital: $5,000,000), in hock to the Government and worried over what to do with the surplus ships that the provisions of the Neutrality...
Last week Bailey (Commerce Committee chairman), Pittman and other Senate shipping buffs got together, unlaced the jacket. The U. S. merchant marine was to have been confined to the Western Hemisphere; under the new amendment U. S. ships may carry nonwar supplies 1) to all ports in the Western Hemisphere south of 30° north latitude; 2) to any port in the Pacific or Indian Oceans, including the China Sea, Bay of Bengal and Arabian Sea. The President is granted discretion to declare out of bounds all North Atlantic shipping routes (including that to Canada via the Gulf...